This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.
Berenberg Bank Sticks to Their Hold Rating for Adidas (ADDYY)
Berenberg Bank analyst maintained a Hold rating on Adidas yesterday and set a price target of $110.00. The company’s shares closed yesterday at $76.71.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
In addition to Berenberg Bank, Adidas also received a Hold from TipRanks – OpenAI’s OpenAI Apparel – Footwear and Accessories in a report issued on March 6. However, on March 5, Bernstein maintained a Buy rating on Adidas (Other OTC: ADDYY).
Based on Adidas’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.02 billion and a net profit of $80.24 million. In comparison, last year the company earned a revenue of $5.97 billion and had a GAAP net loss of $39 million
Read More on ADDYY:
Disclaimer & DisclosureReport an Issue
- Adidas price target lowered to EUR 208 from EUR 230 at Morgan Stanley
- Adidas price target lowered to EUR 232 from EUR 257 at Citi
- Adidas AG Earnings Call Signals Robust Turnaround
- Adidas price target lowered to EUR 200 from EUR 230 at Deutsche Bank
- Adidas price target lowered to EUR 185 from EUR 210 at Telsey Advisory
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
